New Jersey shifting renewable energy funding toward storage

While the State of New Jersey has chosen to reduce funding for renewable energy production, it may begin to shift that funding toward energy storage.

This appears to be more of a shift of funding to help accommodate the more efficient use of solar and wind power. New Jersey will be able to get more out of their existing wind and solar farms by doing this because they can capture surplus wind and solar energy that would otherwise be curtailed.

This change in New Jersey’s strategy could be helpful in its aim to reach 22.5% of its electricity from renewable sources by 2020. By making sure that the renewable energy produced in New Jersey doesn’t go to waste, New Jersey will be able to more efficiently, and completely, use the renewable energy sources that already exist rather than continuing to invest in more sources without the ability to store the energy produced.